Foreign Currency Invoices
The VAT Act requires that the value of the documents be displayed “...in the currency of the republic...”. To cater for this, a new field called “Total invoice amount displayed in home currency” has been added to the Forms Designer which you can add to the documents layout. This field will automatically detect that the invoice is in a foreign currency, and the field will be populated with the necessary information, for example:

“For VAT purposes, the Total Rand equivalent is R6,900.85 at today’s (01/03/2010) exchange rate of $0.12547 to R1.00”.

If the document is not a foreign currency document, this field will not appear on the invoice.